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Side-by-side financial comparison of Fabrinet (FN) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $889.0M, roughly 1.3× PHINIA INC.). On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 6.7%). PHINIA INC. produced more free cash flow last quarter ($67.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 1.5%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
FN vs PHIN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $889.0M |
| Net Profit | $112.6M | — |
| Gross Margin | 12.2% | 21.7% |
| Operating Margin | 10.1% | 7.8% |
| Net Margin | 9.9% | — |
| Revenue YoY | 35.9% | 6.7% |
| Net Profit YoY | 30.0% | — |
| EPS (diluted) | $3.11 | $1.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.1B | $889.0M | ||
| Q3 25 | $978.1M | $908.0M | ||
| Q2 25 | $909.7M | $890.0M | ||
| Q1 25 | $871.8M | $796.0M | ||
| Q4 24 | $833.6M | $833.0M | ||
| Q3 24 | $804.2M | $839.0M | ||
| Q2 24 | $753.3M | $868.0M | ||
| Q1 24 | $731.5M | $863.0M |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $13.0M | ||
| Q2 25 | $87.2M | $46.0M | ||
| Q1 25 | $81.3M | $26.0M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $77.4M | $31.0M | ||
| Q2 24 | $81.1M | $14.0M | ||
| Q1 24 | $80.9M | $29.0M |
| Q4 25 | 12.2% | 21.7% | ||
| Q3 25 | 11.9% | 22.0% | ||
| Q2 25 | 12.2% | 22.1% | ||
| Q1 25 | 11.7% | 21.6% | ||
| Q4 24 | 12.1% | 22.7% | ||
| Q3 24 | 12.3% | 22.3% | ||
| Q2 24 | 12.3% | 21.7% | ||
| Q1 24 | 12.4% | 22.2% |
| Q4 25 | 10.1% | 7.8% | ||
| Q3 25 | 9.6% | 3.7% | ||
| Q2 25 | 9.8% | 10.0% | ||
| Q1 25 | 9.0% | 7.8% | ||
| Q4 24 | 9.5% | 6.1% | ||
| Q3 24 | 9.6% | 7.9% | ||
| Q2 24 | 9.7% | 8.2% | ||
| Q1 24 | 9.7% | 8.2% |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | 1.4% | ||
| Q2 25 | 9.6% | 5.2% | ||
| Q1 25 | 9.3% | 3.3% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 9.6% | 3.7% | ||
| Q2 24 | 10.8% | 1.6% | ||
| Q1 24 | 11.1% | 3.4% |
| Q4 25 | $3.11 | $1.14 | ||
| Q3 25 | $2.66 | $0.33 | ||
| Q2 25 | $2.41 | $1.14 | ||
| Q1 25 | $2.25 | $0.63 | ||
| Q4 24 | $2.38 | $0.13 | ||
| Q3 24 | $2.13 | $0.70 | ||
| Q2 24 | $2.22 | $0.31 | ||
| Q1 24 | $2.21 | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $2.2B | $1.6B |
| Total Assets | $3.3B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $359.0M | ||
| Q3 25 | $968.8M | $349.0M | ||
| Q2 25 | $934.2M | $347.0M | ||
| Q1 25 | $950.7M | $373.0M | ||
| Q4 24 | $934.6M | $484.0M | ||
| Q3 24 | $908.9M | $477.0M | ||
| Q2 24 | $858.6M | $339.0M | ||
| Q1 24 | $794.0M | $325.0M |
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | — | $706.0M |
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.7B | $1.9B |
| Q4 25 | $3.3B | $3.8B | ||
| Q3 25 | $3.0B | $4.0B | ||
| Q2 25 | $2.8B | $3.9B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.3B | $3.9B | ||
| Q1 24 | $2.2B | $4.0B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.3M | $96.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $67.0M |
| FCF MarginFCF / Revenue | -0.5% | 7.5% |
| Capex IntensityCapex / Revenue | 4.6% | 3.3% |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $96.0M | ||
| Q3 25 | $102.6M | $119.0M | ||
| Q2 25 | $55.1M | $57.0M | ||
| Q1 25 | $74.2M | $40.0M | ||
| Q4 24 | $115.9M | $73.0M | ||
| Q3 24 | $83.2M | $95.0M | ||
| Q2 24 | $83.1M | $109.0M | ||
| Q1 24 | $100.9M | $31.0M |
| Q4 25 | $-5.3M | $67.0M | ||
| Q3 25 | $57.3M | $93.0M | ||
| Q2 25 | $4.7M | $23.0M | ||
| Q1 25 | $45.7M | $5.0M | ||
| Q4 24 | $94.0M | $53.0M | ||
| Q3 24 | $62.9M | $70.0M | ||
| Q2 24 | $70.4M | $92.0M | ||
| Q1 24 | $87.3M | $-12.0M |
| Q4 25 | -0.5% | 7.5% | ||
| Q3 25 | 5.9% | 10.2% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | 5.2% | 0.6% | ||
| Q4 24 | 11.3% | 6.4% | ||
| Q3 24 | 7.8% | 8.3% | ||
| Q2 24 | 9.3% | 10.6% | ||
| Q1 24 | 11.9% | -1.4% |
| Q4 25 | 4.6% | 3.3% | ||
| Q3 25 | 4.6% | 2.9% | ||
| Q2 25 | 5.5% | 3.8% | ||
| Q1 25 | 3.3% | 4.4% | ||
| Q4 24 | 2.6% | 2.4% | ||
| Q3 24 | 2.5% | 3.0% | ||
| Q2 24 | 1.7% | 2.0% | ||
| Q1 24 | 1.9% | 5.0% |
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | 9.15× | ||
| Q2 25 | 0.63× | 1.24× | ||
| Q1 25 | 0.91× | 1.54× | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | 3.06× | ||
| Q2 24 | 1.02× | 7.79× | ||
| Q1 24 | 1.25× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
